FORUM ON MOBILE AND BRANCHLESS BANKING HELD BY CBSI

The Central Bank of Solomon Islands in Honiara, Solomon Islands. Photo: Courtesy of CBSI.

The Central Bank of Solomon Islands in Honiara, Solomon Islands. Photo: Courtesy of CBSI.

The Central Bank of Solomon Islands is hosting the first ever forum on mobile and branchless banking in the Solomon Islands.

A press statement from the Bank says the forum is to gauge the current trend of these new forms of banking services in the country.

The forum is organized to take stock of the roll out of mobile and branchless banking in the country.

This is to understand current challenges faced and to explore opportunities for further growth and development of the roll out of these banking products.

The forum will chart the way forward for an organized, sustainable and effective growth of mobile and branchless banking in the country.

Participants are expected to identify potential avenues for improving customer access and provide value added services to customers.

Central Bank says the advent of mobile and branchless banking services has revolutionized banking in the Solomon Islands with over 31-thousand new customers enrolled during 2013 only.

Presently it is estimated that 5 out of 10 adult Solomon Islanders have a bank account.

Solomon Islands is the first country in the Pacific and one of the very few in the world where all the commercial banks operating in the country have introduced mobile and branchless banking services.

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